The average American thinks a salary of just over $270,000 a year qualifies them as “financially successful,” but there are huge disparities between generations, according to a new study.
Why it matters: In an environment where workers are increasingly resentful, the study by financial services company Empower finds younger workers expect double the salary of their older peers to be a success.
By the numbers: Boomers born before 1964 generally think they can be a success on salaries just under $100,000 a year, while those born between 1965 and 1996 are closer to $200,000.
https://www.axios.com/2024/11/22/boomers-gen-z-millennials-financial-success